IBT Staff Reporter

Ireland's deeply unpopular government will unveil a record austerity budget on Tuesday, inflicting more pain on voters to bring down a soaring deficit and win quick access to emergency loans from the EU and IMF.

Global equities advanced on Tuesday after a compromise deal to extend expiring U.S. tax cuts, though the euro zone's debt crisis and speculation over a possible interest rate rise in China kept them in check. The euro rose on optimism that Irish lawmakers will pass its toughest ever budget later in the day. The single currency remained vulnerable, however, with European policymakers dithering ove...

Sumitomo Corp <8053.T> is in talks with Molycorp on a rare earth supply deal and may take a stake in the U.S. company, the latest move by a Japanese firm to secure supplies of the crucial minerals outside China.

PARIS - U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, after President Barack Obama announced plans to extend tax breaks.

Asian stocks got a tentative boost on Tuesday from U.S. President Barack Obama's compromise deal to extend all Bush-era tax cuts, while the euro ticked up but remained vulnerable to debt-related pressure.

Tension on European bond markets was undiminished on Tuesday after German and fellow euro zone states resisted IMF calls to do more to quell the currency bloc's debt crisis.

The dollar fell to a three-week low against the yen on Tuesday, with gains in the Japanese currency pulling Tokyo stocks lower, while the euro came under renewed pressure as Europe struggled to contain its debt crisis.

President Barack Obama and Congressional Republicans came to a compromise today involving tax break extensions for wealthier Americans and unemployment insurance extensions for working class families.

European Union finance ministers meet on Tuesday to discuss the EU economy with markets expected to react nervously to Monday's decision by euro zone ministers to take no new steps to quell the debt crisis.

The U.S. government sold off its remaining shares in Citigroup Inc on Monday for $4.35 each, marking an exit from ownership in the bailed-out banking giant with a $12 billion gross profit for taxpayers.

The U.S. government sold off its remaining shares in Citigroup Inc on Monday for $4.35 each, marking an exit from ownership in the bailed-out banking giant with a $12 billion gross profit for taxpayers.

China's Bright Food Group Co is near a deal to buy U.S. vitamin retailer GNC Holdings Inc, giving the well-known foreign brand a potential entry to China to cater to the country's growing middle class.

The U.S. government sold off its remaining shares in Citigroup Inc on Monday for $4.35 each, marking an exit from ownership in the bailed-out banking giant with a $12 billion gross profit for taxpayers.

Viacom is taking the fight over copyrights to the U.S. Court of Appeals of the Second Circuit, appealing the decision that spared YouTube - and its parent company, Google - from a hefty judgment.

Russia is widely expected to secure European Union approval to join the World Trade Organization at a summit on Tuesday, taking Moscow closer to completing membership negotiations after 17 years.

Researchers studying the health effects of cellphones say they have found evidence that when pregnant women use them regularly, their children are more likely to have behavioral problems.

President Barack Obama melded a long-term vision for more science research and education spending with the short-term need to secure a deal with Congressional Republicans to extend both tax breaks for higher-income earners and unemployment benefits for struggling workers.

Microsoft Corp is offering customers of Salesforce.com Inc thousands of dollars in rebates to switch over to its own customer relationship management system.

The U.S. government will sell off its remaining 7.0 percent stake in Citigroup -- 2.4 billion common shares -- in an underwritten public offering, the Treasury Department said on Monday.

Cloud video game service OnLive said it plans to begin offering streaming movies and television shows, mounting a challenge to Netflix Inc.

The U.S. economic recovery remains on shaky ground, well over a year after the recession officially ended, and two top strategists said on Monday they fear the economy could suffer a new blow next year.

Private equity firm Carlyle Group , which has been considering an initial public offering for years, may file papers to go public late next year, a source familiar with the situation said on Monday.

Graphics chip designer Nvidia said it has chalked up 200 design wins for notebooks due out in 2011 that also feature Intel's upcoming Sandy Bridge microprocessor.

Kraft Foods Inc escalated its battle with Starbucks Corp , asking a federal court to stop Starbucks from trying to sell its packaged coffee through a different distributor.

Worries about Europe's debt crisis frustrated investors looking for a reason to take stocks to new highs for the year as the major indexes ended flat on Monday.

U.S. law enforcement is going after investment fraud.

A federal judge in California Court has ordered the destruction of genetically engineered sugar beets after finding that the United States Department of Agriculture (USDA) had likely violated federal law by allowing the plantation of the stecklings without analyzing the potential environmental impact.

Sprint Nextel promised to save up to $11 billion in the next seven years from a big network restructuring that involves eventually getting rid of the iDen network it bought from Nextel in 2005.

Jessica Hall and Dhanya SkariachanPHILADELPHIA/NEW YORK - Hedge fund manager William Ackman is raising his wager on bookseller Borders Group Inc , offering to help it buy larger rival Barnes & Noble Inc for $963.7 million.